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Ryan_Vickers

[Guide] Mining Ethereum

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Posted · Original PosterOP
On 8/15/2017 at 2:33 PM, Ryan_Vickers said:

For anyone wondering, yes, I am still planning to add the "how to convert eth -> ___" part of the guide ... eventually.

Alright, I was able to cash out recently so I can tell you about how that works.  Before I begin though, I will reiterate: I assume no liability for anything that you do as a result of this guide.  Proceed at your own risk.

  1. As mentioned in the OP, sign up for https://www.kraken.com/en-us/login
  2. Secure your account (strong password, two factor, etc.) [optional but highly recommended]
  3. Get Tier 3 verification.  This may take a few hours or days on their end depending how busy they are

Now we can move your Ethereum to Kraken.  This is like depositing cash in the bank.

 

1. Login to Kraken and go Funding > Deposit > ETH and generate an address.  This is where you will send your Ether to to deposit it.

Spoiler

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Here you can see I already have one but you will need to generate a new one.

 

 

2. Open your wallet application and go to the "Send" tab and fill in the following information:

Spoiler

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1: The address you generated on Kraken.  This is where your ETH will be sent.

2: Check this to send all your ETH

3: Choose your fee.  I just set it to the minimum, it will happen in a few minutes at most

4: Hit Send

 

3. Wait for the Ether to arrive in your Kraken account.  This may take a few minutes following the successful execution of the transfer by the wallet app since it needs to get "confirmed" by many people.

 

4. In Kraken, go Trade > New Order and use the drop down to select ETH/CAD or ETH/USD or whatever you are converting to.

Spoiler

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5. Click "Sell" and enter the amount you are selling.  This will be however much you have, so type it in properly.  Then, either pick "market" to sell almost instantly at whatever the market price is, or type in a number so the trade will execute as soon as it can get that price.  Click the big "sell" button and then wait.

Spoiler

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6. Once the trade has completed, you will now have CAD (or whatever) in your account instead of Ethereum.  Go Funding > Withdraw > CAD (or whatever) 

 

7. Click "Add Account" and enter the information for your bank account so Kraken knows where to send the money.  These numbers should be available on a cheque, or perhaps an FAQ sheet from your online banking site.  Save and choose this account, and then enter the amount to withdraw.  This will again be all of it, so enter the correct number.  There will be a fee (amount varies by location and other things).  For me it was $10.  Sad, but what are you gonna do.

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8. That's it!  Just wait for the cash to arrive in your bank.  For me it took several days, but it worked perfectly, as expected :)  I sold at a good time (pretty much right at the recent peak) but it has since dropped again.  Perhaps wait for the next spike before doing this yourself, but get ready ahead of time so when it is time to pull the trigger you can do it relatively quickly.  I didn't mine for all that long but in the ~2 months or so I was doing it, I made enough (net) to pay for 3/4 of my GPU, so that was nice :D 

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Thanks for the tutorial! However, after running for a while Claymore's miner will stop mining while still using 100 percent of my GPU. How can I prevent this from happening? I wonder if there's a way to restart the batch file if it detects that it froze.


My rigs:

Spoiler

NEW Ryzinator build:

CPU: AMD - Ryzen 7 1700 3.0GHz 8-Core Processor

Motherboard: Asus - PRIME X370-PRO ATX AM4

RAM: Corsair - Vengeance LPX 32GB (2 x 16GB) DDR4-2666

Storage:Western Digital - Caviar Blue 1TB 3.5" 7200RPM, (2 x) Samsung - 850 EVO-Series 500GB 2.5", Samsung - 960 EVO 250GB M.2-2280, Western Digital - Green 4TB 3.5" 5900RPM

PSU: Corsair - 760W 80+ Platinum Certified Fully-Modular ATX

OS: Microsoft - Windows 10 Pro 64-bit

Additional fan: Noctua - NF-A14 PWM 82.5 CFM 140mm Fan

Case: Fractal Design - Define R5 (Black) ATX Mid Tower Case

GPU: ASUS Radeon RX 580 Dual OC 4GB

Display: LG W2261 @ 1080p 60Hz

 

OLD Build (SOLD):

CPU: AMD FX-6100 Motherboard: ASRock 960GM/U3S3 FX (VRM overheating, don't buy) RAM: 8GB Kingston ValueRAM GPU: Onboard ATI Radeon 3000 Graphics Case: Corsair Obsidian 500D Storage: Hitachi HDS721010CLA332 1TB, 119GB SAMSUNG MMCRE28G5MXP-0VBH1 (SSD), 465GB Western Digital WDC WD5000AZRX-00L4HB0 (SATA)  PSU: Be quiet! - Straight Power 10 400 Watt Cooling: Cooler Master Hyper 212 EVO OS: Windows 10 Pro x64 

 

Retro gaming build:

CPU: Intel Pentium 3 Coppermine @ 600MHz Motherboard: Asus P2B i440BX BIOS 1012 RAM: 3x 128MB Hynix PC133 SDR SDRAM GPU: Diamond/S3 Viper II Z200 32MB Case: Full Tower case (unbranded) Storage: 120GB WD HDD limited to 32GB because BIOS support. Sound Card: Aztech 2320 Display: Highscreen CRT monitor @ 800x600@200Hz Cooling: Stock heatsinkfan OS: Windows Millenium Edition

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Posted · Original PosterOP
2 hours ago, MSWindowsinside said:

Thanks for the tutorial! However, after running for a while Claymore's miner will stop mining while still using 100 percent of my GPU. How can I prevent this from happening? I wonder if there's a way to restart the batch file if it detects that it froze.

Did you open any applications that could possibly conflict with the miner?  I've found photoshop would do this - if you opened it while mining, it would take a ridiculously long time to open and become usable (like over a minute) and once it was, the miner would no longer work and would have to be restarted (after closing photoshop of course).

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1 hour ago, hey_yo_ said:

I'm still trying to wrap my head how does someone get paid in cash by Ethereum mining?

by exchanging it on an online exchange like Kracken or Polonex for deposit to a nationalized bank account in fiat currency, ie, Dollars, Sheckles, Yen, Rubles, Dinars...

 

The short of it: You sell your computing power for reward in whatever the pool is paying, and you exchange it for whatever you want to be paid with if it isn't what the pool gives you. Maybe you'd rather own ZCash, or CanibisCoin. Last time I checked, the utility companies don't take DogeCoin for payment.


R7 1700X 3.9 GHz | Asus X370 Pro | SeaSonic SS660 | 2x8GB Cosair RGB 3466 (3200MHz) | H115i AIO | Phanteks P400S | GTX 1080ti FE | Crucial MX300

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18 minutes ago, knightslugger said:

The short of it: You sell your computing power for reward in whatever the pool is paying, and you exchange it for whatever you want to be paid with if it isn't what the pool gives you. Maybe you'd rather own ZCash, or CanibisCoin. Last time I checked, the utility companies don't take DogeCoin for payment.

But what is being mined? Sorry for the noob question because this guy is old. 😬

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8 hours ago, hey_yo_ said:

But what is being mined? Sorry for the noob question because this guy is old. 😬

"Mining" is simply you using your computing power to compute and verify the (block)chain of transactions on the pool.

 

That is what is meant by "Mining".


R7 1700X 3.9 GHz | Asus X370 Pro | SeaSonic SS660 | 2x8GB Cosair RGB 3466 (3200MHz) | H115i AIO | Phanteks P400S | GTX 1080ti FE | Crucial MX300

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On ‎8‎-‎10‎-‎2017 at 7:03 PM, Ryan_Vickers said:

Did you open any applications that could possibly conflict with the miner?  I've found photoshop would do this - if you opened it while mining, it would take a ridiculously long time to open and become usable (like over a minute) and once it was, the miner would no longer work and would have to be restarted (after closing photoshop of course).

The latest AMD Drivers fixed this issue entirely, the older blockchain drivers were my issue apparently.  The new drivers let you choose between gaming and compute workloads so there's no need for the beta drivers anymore.


My rigs:

Spoiler

NEW Ryzinator build:

CPU: AMD - Ryzen 7 1700 3.0GHz 8-Core Processor

Motherboard: Asus - PRIME X370-PRO ATX AM4

RAM: Corsair - Vengeance LPX 32GB (2 x 16GB) DDR4-2666

Storage:Western Digital - Caviar Blue 1TB 3.5" 7200RPM, (2 x) Samsung - 850 EVO-Series 500GB 2.5", Samsung - 960 EVO 250GB M.2-2280, Western Digital - Green 4TB 3.5" 5900RPM

PSU: Corsair - 760W 80+ Platinum Certified Fully-Modular ATX

OS: Microsoft - Windows 10 Pro 64-bit

Additional fan: Noctua - NF-A14 PWM 82.5 CFM 140mm Fan

Case: Fractal Design - Define R5 (Black) ATX Mid Tower Case

GPU: ASUS Radeon RX 580 Dual OC 4GB

Display: LG W2261 @ 1080p 60Hz

 

OLD Build (SOLD):

CPU: AMD FX-6100 Motherboard: ASRock 960GM/U3S3 FX (VRM overheating, don't buy) RAM: 8GB Kingston ValueRAM GPU: Onboard ATI Radeon 3000 Graphics Case: Corsair Obsidian 500D Storage: Hitachi HDS721010CLA332 1TB, 119GB SAMSUNG MMCRE28G5MXP-0VBH1 (SSD), 465GB Western Digital WDC WD5000AZRX-00L4HB0 (SATA)  PSU: Be quiet! - Straight Power 10 400 Watt Cooling: Cooler Master Hyper 212 EVO OS: Windows 10 Pro x64 

 

Retro gaming build:

CPU: Intel Pentium 3 Coppermine @ 600MHz Motherboard: Asus P2B i440BX BIOS 1012 RAM: 3x 128MB Hynix PC133 SDR SDRAM GPU: Diamond/S3 Viper II Z200 32MB Case: Full Tower case (unbranded) Storage: 120GB WD HDD limited to 32GB because BIOS support. Sound Card: Aztech 2320 Display: Highscreen CRT monitor @ 800x600@200Hz Cooling: Stock heatsinkfan OS: Windows Millenium Edition

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Posted · Original PosterOP
10 hours ago, MSWindowsinside said:

The latest AMD Drivers fixed this issue entirely, the older blockchain drivers were my issue apparently.  The new drivers let you choose between gaming and compute workloads so there's no need for the beta drivers anymore.

Hm, my theory was that is was an Open CL conflict.  Well, I can't verify this since I don't mine anymore but if this is true that's good to hear!

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Anyone use nvOS or rxOS on their rigs? Linux based... was going to load it up on my test rig tonight, wondering if anyone has any protips.

 

started mining Zen full time. seems to be doing really well on just a 1070 and 1080ti, though Zen is $10 / 1 ZEN, but SegWit2x is coming up, so i see bitcoin going up. When the fork hits, if previous forks are any indication of how alt coins do, between now and when the fork happens (sometime mid Nov is what many are projecting) would be a good time to buy up or trade your BTC for an altcoin.


R7 1700X 3.9 GHz | Asus X370 Pro | SeaSonic SS660 | 2x8GB Cosair RGB 3466 (3200MHz) | H115i AIO | Phanteks P400S | GTX 1080ti FE | Crucial MX300

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I just switched to ethminer, hashrate seems to be the same. But payout may be higher because you're not mining a devfee. 

Here are my settings:

setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
ethminer.exe --farm-recheck 3000 -RH -G -S eu1.ethermine.org:4444 -FS us1.ethermine.org:4444 -O 0x806dEbe7f28cA8C1FB050DC2c0dd05b91BF9e873.WORKER

 


My rigs:

Spoiler

NEW Ryzinator build:

CPU: AMD - Ryzen 7 1700 3.0GHz 8-Core Processor

Motherboard: Asus - PRIME X370-PRO ATX AM4

RAM: Corsair - Vengeance LPX 32GB (2 x 16GB) DDR4-2666

Storage:Western Digital - Caviar Blue 1TB 3.5" 7200RPM, (2 x) Samsung - 850 EVO-Series 500GB 2.5", Samsung - 960 EVO 250GB M.2-2280, Western Digital - Green 4TB 3.5" 5900RPM

PSU: Corsair - 760W 80+ Platinum Certified Fully-Modular ATX

OS: Microsoft - Windows 10 Pro 64-bit

Additional fan: Noctua - NF-A14 PWM 82.5 CFM 140mm Fan

Case: Fractal Design - Define R5 (Black) ATX Mid Tower Case

GPU: ASUS Radeon RX 580 Dual OC 4GB

Display: LG W2261 @ 1080p 60Hz

 

OLD Build (SOLD):

CPU: AMD FX-6100 Motherboard: ASRock 960GM/U3S3 FX (VRM overheating, don't buy) RAM: 8GB Kingston ValueRAM GPU: Onboard ATI Radeon 3000 Graphics Case: Corsair Obsidian 500D Storage: Hitachi HDS721010CLA332 1TB, 119GB SAMSUNG MMCRE28G5MXP-0VBH1 (SSD), 465GB Western Digital WDC WD5000AZRX-00L4HB0 (SATA)  PSU: Be quiet! - Straight Power 10 400 Watt Cooling: Cooler Master Hyper 212 EVO OS: Windows 10 Pro x64 

 

Retro gaming build:

CPU: Intel Pentium 3 Coppermine @ 600MHz Motherboard: Asus P2B i440BX BIOS 1012 RAM: 3x 128MB Hynix PC133 SDR SDRAM GPU: Diamond/S3 Viper II Z200 32MB Case: Full Tower case (unbranded) Storage: 120GB WD HDD limited to 32GB because BIOS support. Sound Card: Aztech 2320 Display: Highscreen CRT monitor @ 800x600@200Hz Cooling: Stock heatsinkfan OS: Windows Millenium Edition

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On ‎31‎-‎10‎-‎2017 at 7:40 PM, knightslugger said:

Anyone use nvOS or rxOS on their rigs? Linux based... was going to load it up on my test rig tonight, wondering if anyone has any protips.

 

started mining Zen full time. seems to be doing really well on just a 1070 and 1080ti, though Zen is $10 / 1 ZEN, but SegWit2x is coming up, so i see bitcoin going up. When the fork hits, if previous forks are any indication of how alt coins do, between now and when the fork happens (sometime mid Nov is what many are projecting) would be a good time to buy up or trade your BTC for an altcoin.

Nope, I'm simpy mining on Windows 10. How much Zen do you get a day? ZenCash looks interesting but I'm not sure if I should make the switch to another coin.


My rigs:

Spoiler

NEW Ryzinator build:

CPU: AMD - Ryzen 7 1700 3.0GHz 8-Core Processor

Motherboard: Asus - PRIME X370-PRO ATX AM4

RAM: Corsair - Vengeance LPX 32GB (2 x 16GB) DDR4-2666

Storage:Western Digital - Caviar Blue 1TB 3.5" 7200RPM, (2 x) Samsung - 850 EVO-Series 500GB 2.5", Samsung - 960 EVO 250GB M.2-2280, Western Digital - Green 4TB 3.5" 5900RPM

PSU: Corsair - 760W 80+ Platinum Certified Fully-Modular ATX

OS: Microsoft - Windows 10 Pro 64-bit

Additional fan: Noctua - NF-A14 PWM 82.5 CFM 140mm Fan

Case: Fractal Design - Define R5 (Black) ATX Mid Tower Case

GPU: ASUS Radeon RX 580 Dual OC 4GB

Display: LG W2261 @ 1080p 60Hz

 

OLD Build (SOLD):

CPU: AMD FX-6100 Motherboard: ASRock 960GM/U3S3 FX (VRM overheating, don't buy) RAM: 8GB Kingston ValueRAM GPU: Onboard ATI Radeon 3000 Graphics Case: Corsair Obsidian 500D Storage: Hitachi HDS721010CLA332 1TB, 119GB SAMSUNG MMCRE28G5MXP-0VBH1 (SSD), 465GB Western Digital WDC WD5000AZRX-00L4HB0 (SATA)  PSU: Be quiet! - Straight Power 10 400 Watt Cooling: Cooler Master Hyper 212 EVO OS: Windows 10 Pro x64 

 

Retro gaming build:

CPU: Intel Pentium 3 Coppermine @ 600MHz Motherboard: Asus P2B i440BX BIOS 1012 RAM: 3x 128MB Hynix PC133 SDR SDRAM GPU: Diamond/S3 Viper II Z200 32MB Case: Full Tower case (unbranded) Storage: 120GB WD HDD limited to 32GB because BIOS support. Sound Card: Aztech 2320 Display: Highscreen CRT monitor @ 800x600@200Hz Cooling: Stock heatsinkfan OS: Windows Millenium Edition

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3 hours ago, MSWindowsinside said:

Nope, I'm simpy mining on Windows 10. How much Zen do you get a day? ZenCash looks interesting but I'm not sure if I should make the switch to another coin.

not very much, but i get paid 2-3 times a day, each transaction is at least .1 Zen. After 2 days i've got about .9 Zen.

 

I'm using a 1070 and a 1080ti configured for efficincy. 500 and 700 sol/s respectively. at about 3.5 sol/w each.


R7 1700X 3.9 GHz | Asus X370 Pro | SeaSonic SS660 | 2x8GB Cosair RGB 3466 (3200MHz) | H115i AIO | Phanteks P400S | GTX 1080ti FE | Crucial MX300

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1 hour ago, knightslugger said:

not very much, but i get paid 2-3 times a day, each transaction is at least .1 Zen. After 2 days i've got about .9 Zen.

 

I'm using a 1070 and a 1080ti configured for efficincy. 500 and 700 sol/s respectively. at about 3.5 sol/w each.

But Zen = ZenCash right? 0.9 ZenCash would be equal to 17.649 euros at the moment according to https://www.coingecko.com/en/price_charts/zencash/eur

If that's correct then I will switch lol, I've only earned 30 euros from Ethereum mining on an RX 580 in 3 weeks or so.


My rigs:

Spoiler

NEW Ryzinator build:

CPU: AMD - Ryzen 7 1700 3.0GHz 8-Core Processor

Motherboard: Asus - PRIME X370-PRO ATX AM4

RAM: Corsair - Vengeance LPX 32GB (2 x 16GB) DDR4-2666

Storage:Western Digital - Caviar Blue 1TB 3.5" 7200RPM, (2 x) Samsung - 850 EVO-Series 500GB 2.5", Samsung - 960 EVO 250GB M.2-2280, Western Digital - Green 4TB 3.5" 5900RPM

PSU: Corsair - 760W 80+ Platinum Certified Fully-Modular ATX

OS: Microsoft - Windows 10 Pro 64-bit

Additional fan: Noctua - NF-A14 PWM 82.5 CFM 140mm Fan

Case: Fractal Design - Define R5 (Black) ATX Mid Tower Case

GPU: ASUS Radeon RX 580 Dual OC 4GB

Display: LG W2261 @ 1080p 60Hz

 

OLD Build (SOLD):

CPU: AMD FX-6100 Motherboard: ASRock 960GM/U3S3 FX (VRM overheating, don't buy) RAM: 8GB Kingston ValueRAM GPU: Onboard ATI Radeon 3000 Graphics Case: Corsair Obsidian 500D Storage: Hitachi HDS721010CLA332 1TB, 119GB SAMSUNG MMCRE28G5MXP-0VBH1 (SSD), 465GB Western Digital WDC WD5000AZRX-00L4HB0 (SATA)  PSU: Be quiet! - Straight Power 10 400 Watt Cooling: Cooler Master Hyper 212 EVO OS: Windows 10 Pro x64 

 

Retro gaming build:

CPU: Intel Pentium 3 Coppermine @ 600MHz Motherboard: Asus P2B i440BX BIOS 1012 RAM: 3x 128MB Hynix PC133 SDR SDRAM GPU: Diamond/S3 Viper II Z200 32MB Case: Full Tower case (unbranded) Storage: 120GB WD HDD limited to 32GB because BIOS support. Sound Card: Aztech 2320 Display: Highscreen CRT monitor @ 800x600@200Hz Cooling: Stock heatsinkfan OS: Windows Millenium Edition

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Posted · Original PosterOP
6 hours ago, MSWindowsinside said:

I just switched to ethminer, hashrate seems to be the same. But payout may be higher because you're not mining a devfee. 

Here are my settings:

If the dev of the one I suggested is to be believed, he has enhancements that no one else does so ever with the 1% (iirc) fee, you will get several percent better than any other miner.  But then, I suppose it doesn't hurt to shop around to confirm that xD

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Posted · Original PosterOP

Ethereum is setting new record highs recently so if you have some to sell, be on the lookout for a good moment (or you know... hold it and hope it goes higher I guess)

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7 minutes ago, Ryan_Vickers said:

Ethereum is setting new record highs recently so if you have some to sell, be on the lookout for a good moment (or you know... hold it and hope it goes higher I guess)

I've got a whopping 2 on Kraken! 


Cor Caeruleus Reborn v5

Spoiler

CPU: Intel - Core i5-4690K 4.4GHz Quad-Core Processor or

CPU: Intel - Core i7-4790K  4.6GHz Quad-Core Processor
CPU Cooler: be quiet! - PURE ROCK 51.7 CFM Sleeve Bearing CPU Cooler  
Thermal Compound: Arctic Silver - 5 High-Density Polysynthetic Silver 3.5g Thermal Paste 
Motherboard: MSI - Z97S SLI Plus ATX LGA1150 Motherboard  
Memory: Kingston - HyperX Fury Blue 16GB (2 x 8GB) DDR3-1600 Memory
Memory: Kingston - HyperX Fury Black 16GB (2 x 8GB) DDR3-1600 Memory 
Storage: Samsung - 850 EVO-Series 500GB 2.5" Solid State Drive 
Storage: Samsung - 960 EVO 500GB M.2-2280 Solid State Drive
Storage: Western Digital - Blue 2TB 3.5" 5400RPM Internal Hard Drive
Storage: Western Digital - BLACK SERIES 3TB 3.5" 7200RPM Internal Hard Drive
Video Card: EVGA - GeForce GTX 1080 8GB FTW Gaming ACX 3.0 Video Card with iCX cooler installed! 
Case: Fractal Design - Define R5 w/Window (Black) ATX Mid Tower Case
Power Supply: EVGA - SuperNOVA P2 750W 80+ Platinum Certified Fully-Modular ATX Power Supply
Optical Drive: LG - WH16NS40 Blu-Ray/DVD/CD Writer 
Operating System: Microsoft - Windows 8.1 Pro OEM 64-bit 
Keyboard: Logitech - G910 Orion Spectrum RGB Wired Gaming Keyboard
Mouse: Logitech - G502 Wired Optical Mouse
Headphones: Logitech - G430 7.1 Channel  Headset
Speakers: Logitech - Z506 155W 5.1ch Speakers

 

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Posted · Original PosterOP
Just now, ARikozuM said:

I've got a whopping 2 on Kraken! 

Nice, that's more than enough for a 1080 Ti isn't it?

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Just now, Ryan_Vickers said:

Nice, that's more than enough for a 1080 Ti isn't it?

If it is, I'll be getting me three 1080@120Hz monitors! :x


Cor Caeruleus Reborn v5

Spoiler

CPU: Intel - Core i5-4690K 4.4GHz Quad-Core Processor or

CPU: Intel - Core i7-4790K  4.6GHz Quad-Core Processor
CPU Cooler: be quiet! - PURE ROCK 51.7 CFM Sleeve Bearing CPU Cooler  
Thermal Compound: Arctic Silver - 5 High-Density Polysynthetic Silver 3.5g Thermal Paste 
Motherboard: MSI - Z97S SLI Plus ATX LGA1150 Motherboard  
Memory: Kingston - HyperX Fury Blue 16GB (2 x 8GB) DDR3-1600 Memory
Memory: Kingston - HyperX Fury Black 16GB (2 x 8GB) DDR3-1600 Memory 
Storage: Samsung - 850 EVO-Series 500GB 2.5" Solid State Drive 
Storage: Samsung - 960 EVO 500GB M.2-2280 Solid State Drive
Storage: Western Digital - Blue 2TB 3.5" 5400RPM Internal Hard Drive
Storage: Western Digital - BLACK SERIES 3TB 3.5" 7200RPM Internal Hard Drive
Video Card: EVGA - GeForce GTX 1080 8GB FTW Gaming ACX 3.0 Video Card with iCX cooler installed! 
Case: Fractal Design - Define R5 w/Window (Black) ATX Mid Tower Case
Power Supply: EVGA - SuperNOVA P2 750W 80+ Platinum Certified Fully-Modular ATX Power Supply
Optical Drive: LG - WH16NS40 Blu-Ray/DVD/CD Writer 
Operating System: Microsoft - Windows 8.1 Pro OEM 64-bit 
Keyboard: Logitech - G910 Orion Spectrum RGB Wired Gaming Keyboard
Mouse: Logitech - G502 Wired Optical Mouse
Headphones: Logitech - G430 7.1 Channel  Headset
Speakers: Logitech - Z506 155W 5.1ch Speakers

 

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Posted · Original PosterOP
3 minutes ago, ARikozuM said:

If it is, I'll be getting me three 1080@120Hz monitors! :x

Capture.PNG.46ac9fe838a7a2cdfbb802f1c6245edd.PNG

 

Even at the current price 2 Ether is worth ~$885 USD, but at the peak of over $510 each it would have been worth over $1000.  I can't see the future but I expect it to climb higher again at least in the short term

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Posted · Original PosterOP

In light of the recent NiceHash hack and the WAN show discussion about it, I'd like to say a few things:

  • If you have followed my instructions in the OP, there should be nearly no risk of losing your earnings due to a hack since you are not trusting another service like NiceHash, etc.  Only someone getting into your own computer would put you at risk, and if that happens, you probably have bigger issues anyway than a couple hundred bucks in ethereum
  • As a reiteration of a clarification I tried to make in the OP, you do not store your bitcoin/ethereum/etc., you just store the credentials necessary to access and transfer it.  The amount itself is "stored" (well not really but for all intents and purposes) in the blockchain, so think of it as "in the cloud", except there's no one else you have to worry about getting hacked - only whoever has access to your credentials, which, again, if you followed this, should only be you.

:)

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13 hours ago, Ryan_Vickers said:

In light of the recent NiceHash hack and the WAN show discussion about it, I'd like to say a few things:

  • If you have followed my instructions in the OP, there should be nearly no risk of losing your earnings due to a hack since you are not trusting another service like NiceHash, etc.  Only someone getting into your own computer would put you at risk, and if that happens, you probably have bigger issues anyway than a couple hundred bucks in ethereum
  • As a reiteration of a clarification I tried to make in the OP, you do not store your bitcoin/ethereum/etc., you just store the credentials necessary to access and transfer it.  The amount itself is "stored" (well not really but for all intents and purposes) in the blockchain, so think of it as "in the cloud", except there's no one else you have to worry about getting hacked - only whoever has access to your credentials, which, again, if you followed this, should only be you.

:)

When LTT posted their video "Is mining still profitable?", aside from the many other issues many of us had with how they carried out their testing, when they mentioned they were going to use Nicehash, a big red flag went up in my mind. As you said, it is far more secure to mine for yourself, into your own 'standalone' wallet and transfer from there into your exchange account on a somewhat regular basis. 


My Systems:

Gaming/Mining Rig:

Spoiler

JETSTREAM (GAMING PC): i7-4770K @4.3 // Deepcool Lucifer v2 with TF120 fan // Asus Z97-E // 16GB @1600 - Kingston Hyper-X Black + AData XPGv1 // GTX 1070 FE w/ Kraken G12 + H55 AIO @2050MHz/9GHz // Samsung 840 120GB SSD // 2x Seagate Barracuda 1TB HDDs // EVGA Supernova 850GS // InWin 303 White // 24" Asus (1920x1080) + 19" Samsung (1440x900) + 40" RCA (1080p TV) // Corsair Vengeance K70 MX Reds // Razer Naga Epic // Logitech G27 // Windows 10 // CPU mines Monero @ 325H/s & GPU mines Ether @ 29MH/s 24/7

HTPC:

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STALKER v2.0 (HTPC): Pentium G3258 @3.8 // Gigabyte GA-H87N-Wifi // G.Skill 1x 4GB 1333 // Asus GTX 460 1GB GDDR5 // AData SP600 128GB SSD // Cooler Master V650 Gold // Custom Built mATX chassis // 55" LG LED 1080p TV  // Logitech wireless touchpad-keyboard // Ubuntu-Gnome 16.04 // Build Log

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MY DAILY: Acer E5-772G-59VG // 17.3" 1600x900 // i5-5200U 2.2GHz Dual-Core HT // Geforce 940m 2GB // 2x4GB 1600 DDR3L // Mushkin Triactor 480GB SSD // Ubuntu-Gnome 17.04

 

WIFE'S: Dell Latitude E5450 // 14" 1366x768 // i5-5300U 2.3GHz Dual-Core HT // Intel HD5500 // 2x4GB RAM 1600 DDR3L // 500GB 7200 HDD // Ubuntu 17.10

 

Dedicated Mining Rig:

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HP Z400 Workstation // Dual Xeon X5650 (6 core HT each) // 8GB Ram // Gigabyte Windforce GTX 650Ti Boost // 2x 250GB 7200 HDD's // Windows 10 // Combined = 700H/s mining Monero 24/7

 

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please list gpus required to mine


HP EliteDesk 800 G1 with i5-4570, Q87, W7 Pro upgradable to 8, DDR3 1600MHz 4 Dim slots, 500GB HDD, HD4600, I217LM Gigabit.

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1 hour ago, Canada EH said:

please list gpus required to mine

AMD: HD & RX series

Nvidia: pretty much anything larger than 2GB


R7 1700X 3.9 GHz | Asus X370 Pro | SeaSonic SS660 | 2x8GB Cosair RGB 3466 (3200MHz) | H115i AIO | Phanteks P400S | GTX 1080ti FE | Crucial MX300

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2 minutes ago, knightslugger said:

AMD: HD & RX series

Nvidia: pretty much anything larger than 2GB

They made GT 740 with 4GB of vram, not sure those are worth to mine on :P

 

For Nvidia I would say any GTX card from the 750 and up and the GT 1030 (though it's not making much).

 

And not sure about the RX 550 or the cheap R5s (like the 230-240 or 340).

 

But yeah, close enough! ;)


NiceHash Mining Guide

Ethereum Mining Guide

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My Gaming Rig - Motherboard: Asus Z87-PLUS CPU: i5-4670k @ 4.1Ghz RAM: 16GB DDR3 2400(4x4GB) GPU: Gigabyte GTX 1060 3GB OS SSD: 240GB Avexir E100 Storage: 1x 1TB WD PSU: Seasonic G650 OS: Windows 10 Pro 64bits Monitor: Acer G205H

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My HomeMade NAS - Motherboard: MSI P965 Neo CPU: Core2Duo E8200 RAM: 6GB DDR2 (2x2GB+2x1GB) GPU: Gigabyte Windforce OC HD7870 OS HDD: 250GB Seagate Storage: 2x 500GB WD + 2TB Toshiba PSU: 2x 400w Generic OS: Windows 10 Pro 64bits

 

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